<ul><li>London-based shared bike operator, Forest, secured €15.3 million in funding to expand its e-bike fleet and support sustainable growth.</li><li>The funding round includes a €11.8 million facility in Asset-Backed Finance from Fintex Capital.</li><li>Forest aims to introduce three new e-bike types to its fleet and focus on long-term partnerships with cities and public transport providers.</li><li>The company's operations are 'zero emission', powered by renewable energy, and it plans to achieve gender parity among its riders by 2027.</li></ul>

Pedal power: Forest lands €15.3 million to expand sustainable e-bike fleet

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